Can you please show me how you would solve the following question?
An investment of D dollars at K percent simple annual interest yields $600 over a 2 year period. In terms of D, what dollar amount at the same rate will yield $2,400 over a 3 year period?
A. (2D)/3
B. (3D)/4
C. (4D)/3
D. (3D)/2
E. (8D)/3
Answer: E, (8D)/3
An investment of D dollars at K percent simple annual interest yields $600 over a 2 year period. In terms of D, what dollar amount at the same rate will yield $2,400 over a 3 year period?
A. (2D)/3
B. (3D)/4
C. (4D)/3
D. (3D)/2
E. (8D)/3
Answer: E, (8D)/3
